Kazakhstan Establishes Digital Asset Regulatory Framework with Central Bank Oversight

Source: CryptoNewsNet Original Title: Kazakhstan limits crypto trading to central bank-approved coins Original Link: https://cryptonews.net/news/legal/32298693/ Kazakhstan’s President Kassym-Jomart Tokayev has signed legislation establishing a framework to regulate digital assets, including cryptocurrencies like Bitcoin (BTC).

Tokayev signed the laws “On Banks and Banking Activities” and “On Amendments and Supplements to Certain Legislative Acts on the Regulation and Development of the Financial Market, Communications, and Bankruptcy.”

The rules introduce a classification for digital assets, including stablecoins, assets backed by financial instruments and property, and financial instruments issued in electronic digital form.

The National Bank of Kazakhstan (NBK) will act as a key regulator of the sector, granting it authority to license exchanges, approve cryptocurrencies for circulation and set trading activity limits on regulated platforms.

Kazakhstan’s New Asset Class: Three Types of Digital Financial Assets

The introduction of a new asset class, comprising three types of “digital financial assets” (DFAs), is a key component of the signed legislation.

The Agency for Regulation and Development of the Financial Market (ARDFM), the authority responsible for developing the laws, is assigned to establish requirements for the issuance, circulation and redemption of DFAs, excluding stablecoins.

New digital platform operators that serve as DFA issuers will be licensed by the central bank. DFAs will also be subject to requirements similar to those established for traditional financial instruments, including requirements for risk management, information disclosure and investor protection.

Cryptocurrencies Part of Legislation with Strict Requirements

The law includes provisions covering cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), referred to as “unsecured digital assets.”

The legislation provides for the creation of cryptocurrency exchange organizations, whose activities will be licensed and regulated by the NBK.

To protect investors, the central bank will establish a list of crypto assets permitted for circulation, as well as limits and restrictions on crypto exchange operations.

Kazakhstan’s digital asset regulation aligns with the country’s ambitions to become a regional industry hub in Central Asia. The nation has been actively adopting stablecoin payments and saw the launch of Bitcoin exchange-traded funds in 2025, while also being a major player in global crypto mining.